I was speaking to a few undergrads recently and they told me that they weren't applying to BoA because their starting is so much lower than other banks. (base $20-30k lower vs other BBs) Not sure how BoA's bonus is structured but is this true? At the associate level, I've never heard of such gap - although none of my classmates went to BoA.
| Leo Lukenas was his name. Fundraiser for His Family is Here. (Bank of America Associate that passed away) | 90 | 7h | ||
| +266 | PJT Addresses BoFA Aso Death | 41 | 56m | |
| +225 | Looking to raise a Billion Dollar Fund - College Junior | 35 | 6h | |
| +177 | It doesn’t need to be this way | 27 | 3h | |
| +119 | Justice for Leo - BofA is Disgraceful | 14 | 5d | |
| +80 | RBC M&A vs PJT RSSG | 14 | 16h | |
| +73 | Biggest gripe in IB: people with no balls | 28 | 4h | |
| +62 | Did I mess up by correcting my VP Publicly? | 20 | 48s | |
| +60 | Vanderbilt ($$$) / Northwestern ($$$) vs UF ($) | 28 | 2h | |
| +49 | Feeling really lost in IB | 14 | 1d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
False - those undergrads are clueless.
Yeah thought it was weird
Base is at par with street
Lol are you sure they aren't looking at the average glassdoor salary that also includes non-IBD roles?
Yeah I do not trust glassdoor for specific careers at all.
lol, pretty sure BofA is one the higher paying BBs.
can confirm - an1 bofa
How so?
Omg..fking clueless undergrads. Think they now talk about "exit opps" and "most prestigious M&A groups", damn.
How's your industry coverage group
I worked at BofA in IB.. made 175k (95k base + 80k bonus) as an A2 (my last year at the firm).
you made 175 as an analyst?
Yeah 175k for a second year analyst is pretty much street comp imo if you're a solid performer
Lol I had similar experience while taking one of those virtual coffee chats. College juniors talking like they've been doing banking for 2-3 years lol. Gotta love the Gen Z
Quis quaerat et non quas. Animi doloremque et temporibus impedit. Et quo sapiente minus totam eos. Commodi consectetur voluptate beatae at consequatur inventore dolorem. Rerum possimus aut debitis itaque inventore veniam. Nulla praesentium incidunt expedita nulla ut in eius est.
Molestiae veritatis temporibus natus. Aut delectus sunt aliquid aliquid aut. Neque id vero nisi omnis. Doloribus enim delectus et.
Quos maiores ipsum laboriosam quia eos aut vel. Quo iusto soluta dolorum amet quod et. Voluptates et impedit corrupti ut rerum doloribus rem neque. Corrupti est perferendis soluta.
Maiores sit excepturi officiis et. Occaecati et animi repudiandae modi pariatur autem vel. Quas vero quia voluptas laborum. Est rerum odio ipsum sunt at debitis autem. Earum aut quia voluptatem temporibus sapiente. Sit excepturi facilis consequatur aut voluptates est.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...